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ArcelorMittal-Nunavut Join Forces - Analyst Blog
Monday, January 17, 2011 - 5:14pm | 411Finally, the Baffinland battle comes to an end with rivals ArcelorMittal (MT) and Nunavut Iron Ore Acquisition Inc. agreeing to team up under the ArcelorMittal offer. As per the agreement, ArcelorMittal and Nunavut Iron will own 70% and 30% of Baffinland, respectively, upon successful...
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ArcelorMittal-Nunavut Join Forces - Analyst Blog
Monday, January 17, 2011 - 4:45pm | 411Finally, the Baffinland battle comes to an end with rivals ArcelorMittal (MT) and Nunavut Iron Ore Acquisition Inc. agreeing to team up under the ArcelorMittal offer. As per the agreement, ArcelorMittal and Nunavut Iron will own 70% and 30% of Baffinland, respectively, upon successful...
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Dahlman Rose Upgrades Alcoa and Reliance Steel & Aluminum
Friday, January 14, 2011 - 11:01am | 154Dahlman Rose is upgrading Alcoa (NYSE: AA) and Reliance Steel and Aluminum (NYSE: RS) to Buy from Hold. Dahlman also initiates a PT of $22 and $63 respectively. Dahlman believes that improvements in its downstream business, coupled with an improving price environment auger well for the outlook...
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POSCO's 4Q Net Results Dip Q/Q - Analyst Blog
Friday, January 14, 2011 - 9:31am | 642Korean steelmaker, POSCO (PKX) reported its fourth quarter and fiscal year 2010 financial results on January 13, 2011. Net income plummeted 49.6% sequentially to KRW 526 billion or KRW 6,029 per share (US$1.33 per ADR). The fall was due largely to weak global demand and higher raw material costs...
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POSCO's 4Q Net Results Dip Q/Q - Analyst Blog
Friday, January 14, 2011 - 9:00am | 642Korean steelmaker, POSCO (PKX) reported its fourth quarter and fiscal year 2010 financial results on January 13, 2011. Net income plummeted 49.6% sequentially to KRW 526 billion or KRW 6,029 per share (US$1.33 per ADR). The fall was due largely to weak global demand and higher raw material costs...
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Fast Money Picks For January 14th (QLGC, MTL, TXN, GLD, FCX, USB)
Thursday, January 13, 2011 - 7:49pm | 284Brian Kelly said on CNBC's Fast Money that he likes QLogic Corporation (NASDAQ: QLGC). He recommended this stock as a buy. QLogic Corporation (QLGC) gained 1.46% today, and closed at $17.39. Tim Seymour suggests a short position in Mechel OAO (ADR) (NYSE: MTL) tomorrow. He explained that coal price...
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Does The Lowest Unemployment Mean The Best Stocks?
Thursday, January 13, 2011 - 4:19pm | 295Conventional wisdom would say yes, but the market doesn't act on conventional wisdom, it does just the opposite. According to a list put together by NPR, here are the sectors with the highest and lowest unemployment rates: "Occupations with the lowest unemployment rates: * Appraisers and...
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Fast Money Pops & Drops, January 12th (STJ, EMN, AKS, CCL, JOE)
Wednesday, January 12, 2011 - 8:27pm | 266CNBC Fast Money's Guy Adami said on the show that St. Jude Medical, Inc. (NYSE: STJ) has fair valuations. He believes that this stock might break out, and he is a buyer of St. Jude (STJ). St. Jude Medical, Inc. (STJ) gained 1.90% in the regular session, and it added 0.69% in the after hours....
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Cliffs Acquires Thompson Iron - Analyst Blog
Wednesday, January 12, 2011 - 7:01pm | 690North America's largest iron-ore producer, Cliffs Natural Resources Inc. (CLF) agreed to buy Canada's Consolidated Thompson Iron Mines Ltd. for about C$4.9 billion ($4.95 billion) or C$17.25 per share, to expand iron ore sales to Asia. Cliffs also signed a support agreement with Consolidated...
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Cliffs Acquires Thompson Iron - Analyst Blog
Wednesday, January 12, 2011 - 6:48pm | 690North America's largest iron-ore producer, Cliffs Natural Resources Inc. (CLF) agreed to buy Canada's Consolidated Thompson Iron Mines Ltd. for about C$4.9 billion ($4.95 billion) or C$17.25 per share, to expand iron ore sales to Asia. Cliffs also signed a support agreement with Consolidated...
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Dahlman Rose Comments On Cliffs Natural Resources Recent Acquisition
Wednesday, January 12, 2011 - 10:55am | 207Cliffs Natural Resources (NYSE: CLF) announced an all-cash offer of C $17.25 per share for Consolidated Thompson Iron Mines (NYSE: CLM), which represented a 29% premium from where the shares closed. Dahlman Rose likes the enhanced project pipeline the acquisition will give Cliffs and believe that $...
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Company News for January 12, 2011 - Corporate Summary
Wednesday, January 12, 2011 - 10:31am | 778• JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from "overweight" to "neutral" rating because of valuation concerns, setting a target price of $175 • AIG (NYSE:AIG) has planned to sell off its Taiwan life insurance unit for $2.16 billion • Cliffs Natural Resources (NYSE:CLF) has...
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Company News for January 12, 2011 - Corporate Summary
Wednesday, January 12, 2011 - 10:09am | 778• JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from "overweight" to "neutral" rating because of valuation concerns, setting a target price of $175 • AIG (NYSE:AIG) has planned to sell off its Taiwan life insurance unit for $2.16 billion • Cliffs Natural Resources (NYSE:CLF) has...
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Dahlman Rose Has Buy Rating On Cleveland Cliffs (CLF)
Wednesday, January 12, 2011 - 10:06am | 195Dahlman Rose & Co. has a Buy rating on Cliffs Natural Resources Inc (NYSE: CLF) and a $80 price target, after the company announced an acquisition yesterday to buy Consolidated Thompson Iron Mines. In the note to clients, Dahlman writes, "Cliffs Natural Resources announced an all-cash offer of...
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US Stock Futures Up After Portuguese Government Debt Auction
Wednesday, January 12, 2011 - 8:09am | 320US stock futures are higher this morning, as investors are awaiting the Federal Reserve's report on present economic conditions. Portuguese government debt sold bonds worth 1.25 billion euros ($1.62 billion) in an auction. Futures on the Dow Jones Industrial Average surged 56 points to 11,672.00...